MDCE to Cancel 680 Million CEO Shares and Slash 980 Million Authorized Shares as Stock Trades Near 52-Week Low; Q2 Rebound Underway
Medical Care Technologies (OTC:MDCE) has announced a major share structure reduction plan amid trading near 52-week lows. The company will cancel 680 million CEO-owned common shares and reduce authorized shares by 980 million, bringing the total authorized share count from 7.98 billion to 7 billion.
The restructuring will decrease outstanding shares from 2.69 billion to 2.01 billion, while the float remains unchanged at 959.57 million shares. The CEO will maintain control through 1 preferred share convertible into 3 billion common shares. The company also reported a stronger-than-expected Q2 rebound and highlighted growth initiatives through its subsidiaries Infinite Auctions and AG真人官方 Game Used, featuring high-profile sports memorabilia auctions.
Medical Care Technologies (OTC:MDCE) ha annunciato un importante piano di riduzione della struttura azionaria, in un momento in cui il titolo si avvicina ai minimi delle ultime 52 settimane. La societ脿 canceller脿 680 milioni di azioni ordinarie di propriet脿 del CEO e ridurr脿 le azioni autorizzate di 980 milioni, portando il totale delle azioni autorizzate da 7,98 miliardi a 7 miliardi.
La ristrutturazione ridurr脿 le azioni in circolazione da 2,69 miliardi a 2,01 miliardi, mentre il flottante rimarr脿 invariato a 959,57 milioni di azioni. Il CEO manterr脿 il controllo tramite 1 azione privilegiata convertibile in 3 miliardi di azioni ordinarie. La societ脿 ha inoltre riportato una ripresa del secondo trimestre superiore alle aspettative e ha evidenziato iniziative di crescita attraverso le sue controllate Infinite Auctions e AG真人官方 Game Used, che organizzano aste di memorabilia sportivi di alto profilo.
Medical Care Technologies (OTC:MDCE) ha anunciado un importante plan de reducci贸n de la estructura accionaria en medio de cotizaciones cercanas a m铆nimos de 52 semanas. La compa帽铆a cancelar谩 680 millones de acciones comunes propiedad del CEO y reducir谩 las acciones autorizadas en 980 millones, disminuyendo el total de acciones autorizadas de 7.98 mil millones a 7 mil millones.
La reestructuraci贸n reducir谩 las acciones en circulaci贸n de 2.69 mil millones a 2.01 mil millones, mientras que el flotante se mantiene sin cambios en 959.57 millones de acciones. El CEO mantendr谩 el control mediante 1 acci贸n preferente convertible en 3 mil millones de acciones comunes. La compa帽铆a tambi茅n report贸 una recuperaci贸n del segundo trimestre mejor de lo esperado y destac贸 iniciativas de crecimiento a trav茅s de sus subsidiarias Infinite Auctions y AG真人官方 Game Used, que realizan subastas de recuerdos deportivos de alto perfil.
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Medical Care Technologies (OTC:MDCE) a annonc茅 un plan majeur de r茅duction de la structure actionnariale alors que le titre se n茅gocie pr猫s de ses plus bas sur 52 semaines. La soci茅t茅 va annuler 680 millions d鈥檃ctions ordinaires d茅tenues par le CEO et r茅duire les actions autoris茅es de 980 millions, ramenant le nombre total d鈥檃ctions autoris茅es de 7,98 milliards 脿 7 milliards.
La restructuration fera passer les actions en circulation de 2,69 milliards 脿 2,01 milliards, tandis que le flottant reste inchang茅 脿 959,57 millions d鈥檃ctions. Le CEO conservera le contr么le via 1 action privil茅gi茅e convertible en 3 milliards d鈥檃ctions ordinaires. La soci茅t茅 a 茅galement rapport茅 un rebond du deuxi猫me trimestre plus fort que pr茅vu et a mis en avant des initiatives de croissance 脿 travers ses filiales Infinite Auctions et AG真人官方 Game Used, sp茅cialis茅es dans les ventes aux ench猫res de souvenirs sportifs de prestige.
Medical Care Technologies (OTC:MDCE) hat einen bedeutenden Plan zur Reduzierung der Aktienstruktur angek眉ndigt, w盲hrend die Aktie nahe einem 52-Wochen-Tief handelt. Das Unternehmen wird 680 Millionen vom CEO gehaltene Stammaktien stornieren und die genehmigten Aktien um 980 Millionen reduzieren, wodurch die Gesamtzahl der genehmigten Aktien von 7,98 Milliarden auf 7 Milliarden sinkt.
Die Umstrukturierung wird die ausstehenden Aktien von 2,69 Milliarden auf 2,01 Milliarden verringern, w盲hrend der Streubesitz unver盲ndert bei 959,57 Millionen Aktien bleibt. Der CEO beh盲lt die Kontrolle durch 1 Vorzugsaktie, die in 3 Milliarden Stammaktien wandelbar ist. Das Unternehmen meldete au脽erdem eine st盲rker als erwartete Erholung im zweiten Quartal und hob Wachstumsinitiativen durch seine Tochtergesellschaften Infinite Auctions und AG真人官方 Game Used hervor, die hochkar盲tige Sportmemorabilien-Auktionen veranstalten.
- None.
- Stock trading near 52-week low indicates weak market performance
- CEO maintains significant potential dilution through preferred share convertible into 3 billion common shares
- Large authorized share count of 7 billion remains despite reduction
Massive 1.66 Billion Share Reduction Signals Long-Term Commitment to Shareholder Value as Company Prepares to Report Q2 Rebound Performance
MESA, ARIZONA / / July 2, 2025 / Medical Care Technologies Inc. (OTC Pink:MDCE ) today announced an aggressive two-part share structure reduction plan aimed at restoring shareholder confidence and positioning the company for long-term growth. The announcement comes as MDCE trades near its 52-week low, while management confirms that Q2 closed with a stronger-than-expected rebound , to be detailed in the upcoming quarterly report.
As part of the restructuring, the Company will:
Cancel 680,000,000 common shares held by its Chief Executive Officer, and
Reduce its authorized share count by 980,000,000 shares - cutting the limit from 7.98 billion to 7.0 billion.
Both actions will be processed through MDCE's transfer agent and are expected to be completed within 7 to 10 business days .
Share Structure Snapshot (Before & After):
Category | Before | After (Projected) |
|---|---|---|
Authorized Shares (A/S) | 7,979,999,990 | 7,000,000,000 |
Outstanding Shares (O/S) | 2,692,075,220 | 2,012,075,220 |
CEO-Owned Common Shares | 680,000,000 | 0 |
Float (Est.) | 959,575,220 | 959,575,220 (unchanged) |
"With this move, MDCE is sending a clear message: we're serious about restructuring, regaining investor trust, and delivering long-term value," said an MDCE spokesperson. "As we prepare to report our Q2 rebound, these changes create the foundation for our next phase of growth."
The CEO will retain 1 preferred share convertible into 3 billion common shares , ensuring leadership continuity and voting control while eliminating dilution concerns tied to insider common holdings.
Key Growth Drivers:
GOAT Collection Auction (Live Now) - Featuring game-worn memorabilia from Michael Jordan, LeBron James and Kobe Bryant
The Grail Collection Auction (Following Right After) - A high-value, higher volume investment-grade showcase of iconic sports memorabilia expected to set new auction benchmarks
Together, these launches position MDCE's operating subsidiaries - Infinite Auctions and AG真人官方 Game Used - at the forefront of the high-growth collectible investment sector.
About Medical Care Technologies Inc. (OTC Pink: MDCE)
MDCE is the parent company of Infinite Auctions and AG真人官方 Game Used , platforms focused on the acquisition, authentication, and sale of premium game-used memorabilia and investment-grade collectible assets.
Contact Information
Infinite Auctions
Media & Investor Relations
Email: [email protected]
Website: / /
Mesa, AZ
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future performance, expected results, growth strategies, operational plans, and market opportunities. These forward-looking statements are based on current beliefs and assumptions of management and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements of Medical Care Technologies Inc. (OTC Pink: MDCE) and its subsidiaries to differ materially from those expressed or implied in such statements.
Factors that may affect actual results include, but are not limited to, the success of planned share cancellations, market acceptance of company initiatives, fluctuations in the collectibles market, and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
SOURCE: Medical Care Technologies Inc. (OTC Pink:MDCE)
View the original on ACCESS Newswire
FAQ
What changes did MDCE announce to its share structure in July 2025?
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What voting control will MDCE's CEO maintain after the share cancellation?
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